Letter to the editor: 'Fix the Debt' campaign is a dangerous sham

David Oman locally and Wall Street billionaire Pete Peterson on the national stage are exploiting anxiety about the national debt and proposing to slash earned benefit programs like Social Security and Medicare.

Continuing the worn-out strategy of trickle-down economics, they are pushing for more corporate tax breaks, including a "territorial" tax system that would permanently exempt U.S. corporations' foreign earnings from U.S. federal income taxes.

Their "Fix the Debt" campaign is simply another 1 percent effort to squeeze more money out of the 99 percent.

Economic recovery will require that ordinary people have money to spend on groceries, dry cleaning, home improvements - all the things we cut back on when we are short of money. In other words, our economy needs to grow from the middle out. Austerity will make things worse.

To reduce earned benefits for seniors and people with disabilities, many of whom are already scraping by, is not only immoral but foolish. We need to resist "Fix the Debt's" efforts to mobilize your anxiety for their profit.

- Julia Rendon, Des Moines

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Letter to the editor: 'Fix the Debt' campaign is a dangerous sham

David Oman locally and Wall Street billionaire Pete Peterson on the national stage are exploiting anxiety about the national debt and proposing to slash earned benefit programs like Social Security